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eric pebble

"irish Property Pyramid": The Same Applies To The Uk.

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Below - Article on "Irish property pyramid". Precisely the same principles apply to the UK; to go in now and buy property is tantamount to suicide; You've been warned!!!!

http://www.sbpost.ie/post/pages/p/wholesto...qn=1-qqqx=1.asp

While similar principles exist to the UK, it is not quite the same.

The effects of a downturn in the property market in Ireland will be felt far worse than in the UK. The construction sector is a much larger proportion of GDP in Ireland and credit growth is rising exponentially.

In my local area, every other person you speak to has "a property portfolio". I'm serious - that is no exaggeration. A correction, downturn or whatever you want to call it, will so completely turn the public's property owning principles on their head, that the effects will be devastating. It's very scary.

Edited by Flash

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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